THOR Industries (NYSE:THO) Rating Lowered to “Neutral” at Robert W. Baird

THOR Industries (NYSE:THO) was downgraded by equities researchers at Robert W. Baird from an “outperform” rating to a “neutral” rating in a research note issued on Friday, Marketbeat.com reports. They currently have a $85.00 price objective on the construction company’s stock, down from their previous price objective of $100.00. Robert W. Baird’s price target would indicate a potential upside of 19.16% from the company’s current price.

Several other equities analysts have also issued reports on THO. DA Davidson cut their price target on THOR Industries from $95.00 to $80.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. KeyCorp restated an “underweight” rating and set a $65.00 target price on shares of THOR Industries in a research report on Thursday, March 20th. Citigroup cut shares of THOR Industries from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $94.00 to $86.00 in a research report on Wednesday, March 19th. Bank of America upgraded shares of THOR Industries from a “neutral” rating to a “buy” rating and increased their price objective for the company from $110.00 to $125.00 in a report on Monday, March 3rd. Finally, Truist Financial lowered their target price on shares of THOR Industries from $110.00 to $90.00 and set a “hold” rating for the company in a report on Thursday, March 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $90.86.

THOR Industries Stock Performance

THOR Industries stock opened at $71.33 on Friday. The stock has a 50-day simple moving average of $91.38 and a 200 day simple moving average of $100.29. The stock has a market capitalization of $3.80 billion, a price-to-earnings ratio of 18.24, a P/E/G ratio of 1.16 and a beta of 1.74. The company has a quick ratio of 0.78, a current ratio of 1.71 and a debt-to-equity ratio of 0.26. THOR Industries has a 12-month low of $66.00 and a 12-month high of $118.85.

THOR Industries (NYSE:THO) last announced its earnings results on Wednesday, March 5th. The construction company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.08). THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. The company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the previous year, the company posted $0.13 earnings per share. THOR Industries’s revenue for the quarter was down 8.6% on a year-over-year basis. On average, research analysts anticipate that THOR Industries will post 4.64 earnings per share for the current fiscal year.

Institutional Trading of THOR Industries

Hedge funds have recently added to or reduced their stakes in the business. Venturi Wealth Management LLC grew its stake in THOR Industries by 1.7% in the fourth quarter. Venturi Wealth Management LLC now owns 6,312 shares of the construction company’s stock valued at $604,000 after acquiring an additional 108 shares during the period. O Shaughnessy Asset Management LLC grew its position in shares of THOR Industries by 0.7% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 15,971 shares of the construction company’s stock valued at $1,529,000 after purchasing an additional 112 shares during the period. Sanctuary Advisors LLC increased its stake in THOR Industries by 0.5% during the 4th quarter. Sanctuary Advisors LLC now owns 21,614 shares of the construction company’s stock worth $2,278,000 after purchasing an additional 113 shares in the last quarter. Blue Trust Inc. increased its stake in THOR Industries by 22.1% during the 4th quarter. Blue Trust Inc. now owns 669 shares of the construction company’s stock worth $64,000 after purchasing an additional 121 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its holdings in THOR Industries by 57.3% during the 4th quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company’s stock worth $32,000 after buying an additional 121 shares during the period. Institutional investors and hedge funds own 96.71% of the company’s stock.

About THOR Industries

THOR Industries, Inc designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Canada, and Europe. The company offers travel trailers; gasoline and diesel Class A, Class B, and Class C motorhomes; conventional travel trailers and fifth wheels; luxury fifth wheels; and motorcaravans, caravans, campervans, and urban vehicles.